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Stock impact report

Sociedad (SQM) Jumps 9% on Rosy Lithium Prospects [Yahoo! Finance]

Lithium Americas Corp. Common Shares (LAC) 
Last lithium americas corp. common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Sociedad Quimica extended its winning streak to a 4th straight day on Monday, jumping 9.02 percent to close at $59.47 apiece amid forecast that demand for the overall lithium industry could jump by 30 to 40 percent next year. The stock rallied alongside its counterparts, namely Albemarle Corp., Lithium Americas, Lithium Argentina, Standard Lithium, and Sigma Lithium, among others, after Ganfeng Lithium Chairman Li Liangbin said that the group is forecasting 30 to 40 percent growth in lithium demand for next year. Ganfeng Lithium is one of the largest lithium producers globally. Sociedad (SQM) Jumps 9% on Rosy Lithium Prospects Additionally, Li said that demand growth could drive lithium carbonate prices to a range of 150,000 yuan to 200,000 yuan per ton, and that current supply might not be able to keep up with the strong demand in the short term despite around 200,000 tons surplus this year. In other news, Sociedad Química y Minera de Chile SA (NYSE:SQM) is scheduled to rele Show less Read more
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